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Claypath Ln 5,440 SF Retail Building South Shields NE33 4PG $4,263,654 ($783.76/SF) 6.59% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Multi-let Retail Investment
- Annual rent of £210,990
- Newly Developed Roadside Retail Scheme
EXECUTIVE SUMMARY
The subject property is situated in a prominent roadside position, fronting Crossgate which is a main route into South Shields town center from Western approach.
The location is on the fringe of South Shields town centre and the areas surrounding comprise a mix of residential and commercial uses. Opposite the subject property is a petrol filling station and a gym operated by the Gym Group.
The surrounding residential areas are densely populated comprising terraced streets. According to the 2021 census, the population of South shields was 75,337, making it the fourth largest settlement in Tyne and Wear after Newcastle, Sunderland and Gateshead.
The location is on the fringe of South Shields town centre and the areas surrounding comprise a mix of residential and commercial uses. Opposite the subject property is a petrol filling station and a gym operated by the Gym Group.
The surrounding residential areas are densely populated comprising terraced streets. According to the 2021 census, the population of South shields was 75,337, making it the fourth largest settlement in Tyne and Wear after Newcastle, Sunderland and Gateshead.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
5,440 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,263,654
Price Per SF
$783.76
Cap Rate
6.59%
NOI
$281,121
Tenancy
Single
Building Height
1 Story
1 1
NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
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Claypath Ln
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